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<h1>False Customs Declarations Risk Penalties Up to 5 Times Goods' Value Under Customs Act, 1962</h1> Under the Customs Act, 1962, penalties are imposed for various offenses. A person making false declarations in customs transactions may face a penalty up to five times the goods' value. If goods intended for importation or transshipment are not unloaded or are deficient upon arrival in India, and no satisfactory explanation is provided, penalties may be twice the duty chargeable. For coastal goods, the penalty can be twice the export duty. Additionally, any contravention of the Act without a specified penalty may result in a fine up to Rs. 1 lakh.
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